Research

Report

Cairo Real Estate Market Overview

Our latest Cairo Real Estate Overview, suggests that, following the country’s difficulties in 2011, the future looks more positive. It believes that there is evidence of more clarity and increased activity, with confidence returning twelve months after Egypt’s revolution. However, with significant uncertainty still evident, much will also depend upon the Country’s ability to address many of the residual challenges that are still largely unresolved.

Indicators that 2012 should see a potential improvement in the Cairo real estate market include:

Current and active demand for between 5,000 and 15,000 sq m of office space from a number of international FMCG and petrochemical occupiers.

Retailers continue to open new stores with recent examples including American Eagle and Pinkberry opening their first stores in Egypt at CityStars and LC Waikiki (a Turkish retailer) opening their first store in December 2011 at Sun City Mall in Heliopolis.

Some Real estate projects will continue towards completion in 2012. Cairo Festival City will deliver its first office phase in mid-2012 and Damac is looking to open its retail and office project opposite Dandy Mall before the end of the year. The market is witnessing a revival of other mixed use projects driven mainly by UAE and Qatari developers.​